About | Mentor | Paul Millar

Paul Millar

Australian lawyer with a background in international human rights, interested in how investors can consider human rights based on international law and, for which,  I devised a model in a PhD.  I enjoy walking in national parks with my wife, playing tennis and the violin.


I am an Australian lawyer with over 20 years’ experience in refugee status determination.  This involves deciding whether an asylum seeker will suffer violations of international human rights laws.  It requires knowledge of those laws and human rights practices around the world.   I did this work for UNHCR, the UN refugee agency, in Hong Kong, Malaysia, South Africa and Romania.  I also did this work on appellate tribunals in New Zealand and Australia.  I hold a Master of International and Comparative Law degree from Georgetown University Law Centre, Washington DC.

Some years ago, I discovered that investors were advocating responsible, ethical or sustainable investment, all of which encompassed human rights to varying degrees.  This led me to undertake a PhD and devise a model for how investors could have corporations do business that does not harm people.  The model is based on the UN Guiding Principles on Business and Human Rights and investors who use it will be assisted by the resources available through Altiorem.

Paul Millar


The carbon boomerang: Litigation risk as a driver and consequence of the energy transition

This report discusses and identifies climate change related litigation risks as drivers and consequences of an energy transition. It presents a taxonomy of those risks and analyses them in the broader context of the financial risk associated with them.

Inclusive business: What it is and why it matters

This report examines the concept of inclusive business as a means of enabling disadvantaged populations to participate in economic activity and share economic value. The report provides a comprehensive discussion of what an inclusive business initiative comprises and contains examples showing how they address social challenges.

How ESG issues become financially material to corporations and their investors

4 November 2020
This working paper advances a framework that illustrates how environment, social and governance (‘ESG’) issues become financially material and impact on company and industry valuation. The framework comprises five stages of the pathways to materiality.

The future of tobacco stocks: a scenario analysis

This report identifies drivers of change within the tobacco industry and the potential risk factors that may arise as a result. The report conducts a scenario analysis that maps out three potential outcomes for the industry and the relative impact on the share price of the world’s largest tobacco companies.


Global progress report of the Sustainable Banking Network: Innovations in policy and industry actions in emerging markets - October 2019

This report discusses progress made by emerging market financial sector regulatory agencies and the financial institutions they supervise, with respect to the advancement of sustainable finance in those markets. The report identifies key components for a national sustainable financial framework and the steps needed to implement it in emerging markets.